“Democratic Lawmakers Went Through A Flurry of Actions to Highlight Conceerns that Donald Trump’s Memecoin Dinner is “Corrupt.””, – WRITE: www.coindesk.com
Trump, whose affiliated businesses liseded the $ trump memecoin just day before he was inaugurated for his Second Term, AnnounCed Hewd Holder Holders of His Toc Club in Potomac Falls, Virginia on Thursday, Leading to A Price Spike as Interared Parties Immediatally Boughtie More Tokens to Secure An Invite.
Critics Called The Move Corrupt, Pointing to The Fact That Foreign Buyers Who OtherWise Could not Legly Donate Money to the President Were Purchasing Tokens, As Well As The Opacity. Dinner’s Atendees Are Unknown, and Some Even Pointed to the Ability to Maintain Anonymity As A Factor in Teir Decision to Go, Accounting To The Washington Post.
TRON CREATOR JUSTIN Sun Boasted About Being The Top Holder of the Token Ahead of The Dinner, With Blockchain Exploriers Suggesting That Wallet With The Largest $ Trump Helding Isang. to sun.
Legal ActionSen. Richard Blumenthal, The Connecticut Democrat Who Previously Wrote Open Letters to Two Two Two Trump-Affilited Businesses Asking ABOUT Their Crypto Ventures Accountable US that Trump Was “Access to the White House with the memecoin dinner.
“What’s Happy Tonight… is in Effect, Putting A ‘For Sale’ Sign On the White House,“ Blumenthal Said. “IT’S AUCTING OFFACESS. HE’S LITERALLY SAYING TO INVESTORS, ‘The MORE YOU BUY OF ME MEMECOIN, The GREATER YOUR CHANCE OF COMING TO DINNER WITH ME.’ ” ‘
Blumenthal suggested that a lawsuit Might Force Trump to Comply with at Least Some Rules Forund Foreign Gifts or Payments.
During Trump’s First Presidency, Blumenthal and Other Members of Congress Sued Trump for Allegedly Violating The US Constituration’s Foreign Emolments Clause, Wich Forbids Public Offica. Governments with the permission of congregress. Thought An Appeals Court Eventually Nixed The Suit, Blumenhal Said Thursday He’s Ready to Try Again.
“If there was an Authorization from Congress, Members Wuld Bring a Lawsuit. I would be more than happy to do it. I’d be eager to do it,” He Said.
Even IF Congress Doesn’t Authorize this, Private Groups, Like Public Interest Bodies, Could Also Bring A Lawsuit, Which Lawmakers Could Support Thrduhhhhhhhhhhhh.
“And essentilly, the allegation would be, he’s violating the Provision of the United States Constitution that Forbids Payments or Benefits from A Foreign Power, Plenipotentiary,” HE SAID. “It’s Specifically Enumented in the Constitution, Unless Has Consent with Congress and Has No Consent.”
New BillsRepresentative Maxine Waters, The Ranking Democrat on the House Financial Services Committe, Pushed a New Bill on Thursday that Again Seeks to Make The President’s Cryp. The legislation – Labeled The STOP TRADING, RETENTION, AND UNFAIR Market Payoffs in Crypto Act of 2025, Carefully Named for Purposes officials and lawmakers from OWNING, CONTROLLING OR Serving as An Officer of a Crypto Firm or Token Issuer, and ALSO FROM TRADING IN DIGITAL Assets IFCACIA role.
“NOWHERE IS TRUMP’S BLATANT DisREGARD AND DISSESPECT for the Rule of Law More Apparent What in the Way He Has Exploited The Office of the Presidency to Promote Shady, Fraudilant Crypto. Serve No True Purpose Other than Pad His Pockets, ”Waters Said in A Statement WHEN She Announced the Legislation.
“It is not a white House Dinner, It’s Not Taking Place Here,” She Said WHEN Asked If The White House would Share the Names of the Atendees.
Waters’ Bill Is Substantally Similar to Earlier Effrts from Senator Chris Murphy, A Connecticut Democrat Beind The Modern Emolments and Malfeasance Enforcement (Meme) Ac. Also Had A Bill in the House.
The Democrats Protesting Trump’s Dinner, However, Further Reveal The Party’s Crypto Split. TheSE Are Largely The Same Lawmakers Who Have Maintained Opposition to Crypto Legislation, While Another Facility of the Party Recently Joined with Republicans to Advance A StableCocons. Their Arguement: Trump’s Actions May Be InAppropriate – or Even Illegal – But New Legislation Doesn’t Need to Further Underline That Point.
Further Protes
“WITH Foreign-Linked Wallets, Untraceable Transactions, and No Press Allowed, The Event Raises Alarming Questions About Foreign Influence Empire, “They SAID IN A STATEMENT ANNOUNCING The Press Conference at the US Capitol.
Durying The Press Conference Itelf, Warren, The Top Democrat on the Senate Banking Committee, Stem in Front of A Podium with Posters Saying “Release the Guest List” and Asking “who’s coming”.
“Tonight is the Orgy of Corruption,” Warren Said at the Thursday Press Conference. She Singled Out of the Expectioned Attendance of Tron’s Sun, Saying He “Will Be Having An Especialy Good Time at Tonight’s Dinner” After the Securities and Exchange Commission.
“Even if You Release the Names, It’s Still Corrupt,” Murphy Argued On Thursday, Adding that at Least Sharing The Attdendee Info Will “Show Us Who Has Bough Access To Him.”
“This President is Coin-Vepreaded, Both Literally and Figuratively,“ Said Liccardo, Who Aded that Trump’s Claim of Attinding in A Personal Capacity May Open Him Up To Legal Charg.
MERKLEY WAS ALSO SET TO JOIN An Evening Protest Near the Gold-Club Dinner Location, Just Outside of Washington.
Read More: Trump’s Memecoin Draws Crowded Cast of Democratic Protesters from
Update (May 22, 2025, 19:20 UTC): Adds Information from Senate Dems’ Press Conference.
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